Hey guys...I'm with family this weekend, but wanted to quickly share with you the 2 possible paths I believe EOS could take. As I said, this will be very quick....
Bullish Pennant spotted. This could indicate a rise may be coming.
There is support at $10.50. A bullish count may look like this:
Should that support break, we may be in the following bearish scenario:
I apologize for cutting this short. Will try to give you another update tomorrow. Have a great weekend!
BIAS:
Short Term: Neutral
Longterm: Bullish
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Thanks for stopping by.
If you found this post informative, please:
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research and invest responsibly. Technical analysis is simply a guide. It doesn’t predict the future. Anyone that claims they know exactly what’s going to happen is foolish, lying or both. Technical Analysis should only be used as a tool to help make better decisions. If you enter a trade, I recommend having a stop loss and sticking to it. You will loose at times. The key is to have more wins than losses. With that in mind, I wish you great success.
If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. You can sign up here free of charge: https://www.binance.com/?ref=16878853
Mainnet is so close! Been a long time coming.
EOS Is so good of a project glad i got into it early on. good article anyways i am going to follow you now, look to see more articles
EOS Is so good of a project glad i got into it early on. good article anyways i am going to follow you now, look to see more articles
Both of your last charts (bearish scenario) are duplicates...where is the bullish chart? Your bullish scenario is floating in the cloud. Oh well, maybe it is me!
I was in a rush...sorry. I corrected the mistake and posted the bullish chart.
You are great because you’re consistent and caring AND THOROUGH..
Thanks for the kind words @rjh. I'm taking this weekend off to be with family, but will be posting again on Monday...maybe a quick one tomorrow if I can.
Glad you are with family, that's now, this will play out in time. With everyone expecting some kind of a breakout around the launch, makes me think the market is going to disappoint, especially with Bitcoin looking like it's going to bring us a Memorial Day disappointment. OK, both will recover if so, and rise when the shorts release their grip and longs bring some volume buying to the table. Until then, we wait.
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